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Stocks Soar To Record Highs As Trump Drops The 'T' Word, Sparks Biggest Short-Squeeze Since Election

What a difference a word makes...

 

Can you spot the moment when President Trump said the word "tax"...

 

Record highs for The Dow, S&P, and Nasdaq.

 

Of course it's all just another bigly short squeeze...Today saw "Most Shorted" stocks soar 2.5% - the biggest squeeze since the election

 

VIX crushed back to a 10 handle sending Dow above 20,200...

 

Small Caps were ripped back into the green for the week...

 

Banks and Energy stocks tore higher - after being the biggest losers...

 

Bonds sold off today (after 3 days of strength)...

 

30Y bounced back above 3.00%

 

The yield curve steepened modestly...

 

The USD Index bounced led by Yen weakness...

 

USD gains impacted PMs today - gold and silver lower - but crude rallied in risk on mode. PMs remain post-payrolls winners...

 

Finally, Soft Data and The Dow remain convinced of how awesome everything is while Hard Data and Bonds are not at all...